Monthly Archives: July 2016

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    If a supervisor or a subordinate has a disability, who fares worse?

If a supervisor or a subordinate has a disability, who fares worse?

If two employees in an organisation had a disability, “the umbrella term for impairments, activity limitations and participation restrictions” (WHO) – one in a supervisory role, the other in a subordinate role – which employee do you think would face greater negative consequences? You might not expect the supervisor, whose higher status might buffer against the potential negative effects […]

Repos: the missing piece in financial market reform

We all remember the hectic summer and fall of 2008 when the financial system was at the brink of the collapse. Since that time, policymakers have enacted structural reforms to the financial system, but what about the repurchase agreements (repo) market?

A repo is the sale of financial assets coupled with a promise to repurchase the same assets at a […]

The belief in meritocracy perpetuates inequality

Nature, nurture or neither: what accounts for the stubborn persistence of inequality even in modern economies? This question is of perennial interest both on moral grounds and on economic grounds. We should want others to fully realise their potential and their inability to do so may constrain economic growth as individuals’ unrealised income potential may become lost profits or […]

Do happy people lead better?

One of the most prominent leadership theories in management science pertains to transformational leadership. According to Bass (1985), leaders are “transformational” when they provide the following four things: (1) “idealised influence,” or role modelling of high standards of moral, ethical, and personal conduct; (2) “inspirational motivation,” or an optimistic vision for the future; (3) “intellectual stimulation,” or encouragement for […]

Are you ‘covering’ your identity at work?

Look around at your desk. Do you have a picture of your partner, your children, or your pet? Does it tell your colleagues a little about you and your life outside work or is it a neutral, blank canvas?

While there is much talk about ‘bringing your whole self to work’, what does it really mean? For many, it’s not […]

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    In cross-national teams, cultural differences can be an advantage

In cross-national teams, cultural differences can be an advantage

When we work with global executives, they sometimes share stories of failed negotiations, miscommunication, and cultural slights that led to missed global opportunities. But they’ve also shared countless stories of positive cross-cultural collaboration. Often cross-cultural teams produced more effective solutions than similar mono-cultural teams and there were situations where diverse cultural styles were synchronised into a hybrid culture that […]

What Works: Gender Equality by Design – Book Review

What Works: Gender Equality By Design. Iris Bohnet. Harvard University Press. 2016.

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In a growing field of books with diverse theoretical and ideological proposals for tackling institutional gender inequality – from the corporate self-help strategies of leaning in to the systemic defiance of leaning out – Iris Bohnet’s What Works: Gender Equality By Design deftly carves out a […]

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    The quiet revolution in India’s private sector and international trade

The quiet revolution in India’s private sector and international trade

In early June of 2016 Narendra Modi, India’s Prime Minister, visited the US and addressed the US Congress. His speech was recognised for its ability to craft a global ambitious agenda and to speak like a global power. Nor was this speech an isolated incident. For many years Indian leaders and policy makers have shown growing activism at the global level, […]

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    If you’d do anything to avoid meetings, you may be missing the point

If you’d do anything to avoid meetings, you may be missing the point

Think your latest office meeting was awkward? Consider the one that Tomoko Hamada, an anthropology professor at the College of William & Mary in Virginia, had to arrange between groups of American and Japanese business school students.

“The Americans were worried about how formal the Japanese usually are in how they dress, so they all put on neckties for the […]

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    Is Donald Trump right when he claims that China hurts US workers?

Is Donald Trump right when he claims that China hurts US workers?

China recently surpassed the United States as the country with the largest share of world trade in goods – see Figure 1. This boom in trade with China has led to much concern about the losers from rising import competition in manufacturing. In Donald Trump’s US presidential campaign, for example, he has continuously complained about the Chinese: ‘They’re stealing […]

Six principles for Britain’s post-Brexit startups

In 1973, when bright and ambitious Stanford University grads were laying the paving stones for Silicon Valley, Britain joined the European Economic Community, the precursor to today’s European Union. Back then, few if any investors or entrepreneurs had their eyes on Europe. The bright California sun was too dazzling, plentiful venture capital too exciting. Meanwhile Britain, the ‘sick man of […]

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    Working as a layer on top of the internet, blockchain is an instrument of change

Working as a layer on top of the internet, blockchain is an instrument of change

The blockchain is simply part of the continuation of the history of Internet technology, represented by the Web, as it carries on its journey to infiltrate our world, businesses, society, and government. Whereas the Internet was first rolled out in 1983, it was the World Wide Web that gave us its watershed evolutionary moment, because it made information and information-based […]

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    The advantage of selling an invention instead of turning it into a business

The advantage of selling an invention instead of turning it into a business

It is well known that entrepreneurs play an important role in challenging existing oligopolies through de-novo entry (i.e., with a new business) in the market. In this study, we show that the entrepreneur is also a challenger through the aggressive development of inventions for sale.

This development incentive is particularly strong when the invention has such a high quality that […]

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    Real estate bubbles leading to bank troubles — 2008? Not exactly

Real estate bubbles leading to bank troubles — 2008? Not exactly

The recent financial crisis suggested an important connection between real estate investments and bank trouble, especially in the U.S. In fact, this is nothing new. Although financial crises can have multiple and varied causes, real estate investment booms are likely to bode particularly ill for the stability of the financial system. Indeed, in a new paper, I highlight the […]

Five filters moderate the technological revolution

The technological revolution is one of today’s most hotly debated topics in politics, economics and business. It makes politicians wary about which preparatory policies to pursue, economists ponder vast productivity increases and the future of labor and business leaders think about how to make use of the new possibilities in their organisational environments. We are undoubtedly experiencing large-scale disruption […]

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    Why airplanes take off and land safely despite all the risks

Why airplanes take off and land safely despite all the risks

You are sitting on an airplane, enjoying the end of a flight back home. The flight lands ok, the pilot and crew thank you for choosing airline X – persuasively saying that they look forward to seeing you again on board – the doors open ok and you can happily disembark the aircraft. It happens for thousands of flights […]

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    Brexit makes it urgent to professionalise management in the NHS

Brexit makes it urgent to professionalise management in the NHS

In the face of Brexit, many social commentators are predicting what has been positioned as a renewed attack on the NHS and its basic principles. While the impact on the clinical workforce of the withdrawal of the UK from the EU will be heavily analysed, the role managers have to play in the maintenance of the NHS as it […]

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    Success and Luck: Good Fortune and the Myth of Meritocracy – Book Review

Success and Luck: Good Fortune and the Myth of Meritocracy – Book Review

Success and Luck: Good Fortune and the Myth of Meritocracy. Robert H. Frank. Princeton University Press. 2016.

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Consider the owner and founder of a successful business. Did they make it all on their own, through hard work, dedication and talent, or did luck play a role in their success? Hard work and talent might be needed to […]

Brexit is already affecting the British economy

Following the recent Brexit vote, it appears that neither David Cameron nor Tory contenders for the top job like Theresa May are willing to trigger the notorious Article 50 ‘before the end of the year‘. This is ironic because we were repeatedly told by Brexiters that we need to ‘take back control’ of our country as soon as possible. […]

Taking a bit longer to do your shopping can save you money

Most of us are familiar with the experience of scouring supermarket shelves to find the items we want at the right price – but how effective are we at converting the time spent looking for a particular product into monetary savings? Our research seeks to measure the benefits of consumer search by studying the behavior of around 12,000 shoppers […]